Hate to rain on the parade, but although 2,000 bopd may be gushing out we will not be getting all of that as Gemini will be taking some as part of the funding. They have a similar arrangement with Ithaca as well but I can't find any details about what their cut will be.
Hopefully the management will clarify this soon so we can rework the numbers, but I still plenty of upside for the shares and will look to pick up more as money becomes available.
RHE Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held